Lithia Motors Given Consensus Rating of “Buy” by Brokerages (NYSE:LAD)
Shares of Lithia Motors (NYSE:LAD) have earned an average recommendation of “Buy” from the eleven analysts that are currently covering the company, AnalystRatings.Net reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $78.53.
A number of research firms have recently commented on LAD. Analysts at S&P Equity Research raised their price target on shares of Lithia Motors from $3.05 to $4.02 in a research note on Friday. They now have an “average” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Morgan Stanley downgraded shares of Lithia Motors from an “overweight” rating to an “underweight” rating in a research note on Friday. They now have a $80.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of Lithia Motors from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $97.70 price target on the stock.
Shares of Lithia Motors (NYSE:LAD) opened at 90.00 on Friday. Lithia Motors has a 52 week low of $53.57 and a 52 week high of $97.20. The stock has a 50-day moving average of $92.24 and a 200-day moving average of $76.21. The company has a market cap of $2.350 billion and a price-to-earnings ratio of 20.20.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.24 by $0.10. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. On average, analysts predict that Lithia Motors will post $5.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Wednesday, August 6th.
Lithia Motors, Inc, is an operator of automotive franchises and a retailer of new and used vehicles and services.
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